Great question. To apply for the electric car tax credit in Louisiana, you must do so while filing your yearly tax return.
Louisiana offers a tax credit
for new electric cars, which allows the taxpayer to take a credit of 10% up to $2,500 of the cost of the vehicle. The vehicle must be registered in Louisiana and have dedicated alternative fuel storage. The first thing you’ll want to do is make sure that you meet the state’s eligibility criteria to receive the credit.
After purchasing, when it comes time to file your tax returns, you must fill out IRS Form 8936 to apply for the tax credit. Once that is completed, you’ll need to report the credit on your individual income tax return or Form 1040.
If you’re interested in saving more on electric vehicles, your car insurance policy is an excellent place to start. Jerry
, a licensed car insurance broker, can help to ensure that you’re not overpaying for car insurance. Jerry can also gather affordable quotes, help you switch plans, and will even help you cancel your old policy. The average Jerry user saves over $800 a year on car insurance.